Could Big Idea be up for sale? That’s what Christian Retailing is reporting (repeated in CT’s Weblog), after an $11 million court verdict. That big hit combined with recent excessive growth have caused the company to seek outside financing.
In related news, Steve Taylor held a press conference at Cornerstone, and revealed that he attempted to partner with Big Idea in 2001 to buy his Squint record label before it went down the crapper. Big Idea backed out at the last minute due to a lack of funds, and what could have been an amazing deal fell apart and Squint did go down the crapper, bloated with crummy artists Word thinks are hip.